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Meta downplays metaverse ambitions amid cost-cutting efforts

3 years 6 months ago
Roughly a year-and-a-half after Facebook renamed itself "Meta" and said it would go all-in on building a future version of the internet dubbed the metaverse, the tech giant now says its top investment priority will be advancing artificial intelligence.

What to know about the Fed's emergency stabilization plan

3 years 6 months ago
After Silicon Valley Bank and Signature Bank failed, the US government stepped in with an extraordinary measure to rescue customers, some of whom held many millions of dollars in uninsured deposits that otherwise would have been wiped out.

Opinion: The shutdown of SVB is more of the same for Millennials

3 years 6 months ago
The shutdown of Silicon Valley Bank has a lot of Americans understandably worried. Chaos and tension are palpable. The Biden administration is scrambling to stabilize the banking sector and many populist voters are chafing at the idea of what they fear could be another bailout, while some conservatives are bizarrely blaming the breakdown on "wokeism" because the bank's entire board wasn't White and male. And then there are Millennials like me, stressed but somewhat resigned as we conclude: This again.
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